Did you ever ever, "I know exactly what should be done and how to fix it, but I just can not? 'Blame you for lack of discipline when trading? If so, know one thing - you are not alone! One thing is clear, if you do not have discipline, then you lack control over trading. Here are four steps that can improve just that.
1) Realize that markets do not depend on you
Markets are not interested in you and you are interested in the markets. You must realize that your success is entirely due to how they will respond to market and not how he will react to your position, because you nothing depends.
2) All emotions must be out of your Trading
An example would be with football match. If a player gets injured, it creates uncertainty in the game. The rest of the team, however, can not afford to be sorry for himself and must adjust his plan for more victories. Markets are unpredictable and can always be "injury", it is important to correct adjustment proceed to wins. however to handle it? Before a decision is better to use the method of "pause". What is it:
Inhale
Get away from the monitor
exclude TV
Do not listen to any news for a known time
Once you do this, your brain will clear to be ready for new challenges.
3) Look objectively portfolio
How to do this? Just answer the following questions:
Why an item is in your portfolio?
Market conditions affecting our portfolio Do you or fundamental?
What are the prospects for spring in your portfolio?
What is the risk to pay now and in the future?
Under stress you have open positions in your portfolio?
4) Do not fight the market - operate with him in the team
You may have heard the phrase "Do not watch the market as you want to see it. Watch it as it is. "In this case, find the rhythm of the market and work with it. If you can not find the rhythm, better not open position for some time. Anyway, remember that you must be in the game to win, not just to participate.
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Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.